Ashar recently appraised a $2M Convertible Term policy for a restaurant owner in his early 70s whose businesses were severely affected by the COVID-19 lockdowns. Instead of starting bankruptcy proceedings, his financial professional offered to explore a life settlement, resulting in saving his businesses until the restrictions were lifted.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
Policy was no longer needed for estate planning
Client was able to fund all lifestyle and caregiving needs.
Liquidity constraints reduced donations
Cash created donation for the charity she loves.
